Topic: Ripple is in major trouble - page 8. (Read 25437 times)

Ofc we use banks everyday, there was no other choice! until a few years ago. Blockchain is not mainstream, YET!, and it will be harder to make it mainstream with people backing up Ripple (not even a blockchain, shame on it) and any organization helping banks to once again rule over this new tech. Thanks for being so naive and only seeing profits once again community.
Anyway, blockchain is stronger than that, in time you will see that ripple was never a good intend company nor investment longterm.
Enjoy the short term hype while you can.

You don't need a bank? How do you pay all day?
I use my bank everyday, most people do.
I don't see a change in 10 years.. Thats why I still believe in Ripple.

I see a good future for some crypto. But They can't change the dollar or other value.
Maybe a little..

It is clear a lot have not understood or come to terms with the decentralize progress at work.
I dont need a Bank or Politician or anyone else to tell me what to do.
Technology is available now where i can upvote on all the things of interest to me.
Now with economically sensible Micropayment possibilities available soon upvoting will be taken to the next level.
You don't share the CV or email address with just anyone, why would you do so with tokens/coins?
A private Blockchain instantly verifiable proves my creditworthiness.

I can't agree more with you. And i am a supporter of the Ethereum platform and hope more and more innovative programs can be developed based on this platform. 

@blacque
Agreed !

I also don't see it happening.
I've eluded to many points over time.

What it boils down to is Ripple employees can SAY what ever they want.
Then idiots here get to go buy XRP at Polo.
That is what is happening.. for years now.

In other words i can make a coin called "Bring Down the Govt"
Premine all of them then send some of them to Polo for the morons to buy.
Then.. just keep posting news that we are in talks with groups to bring them down.

Lots of ways to look at this but the idiots out there.. are idiots.

If XRP is not going to be technically used by banks then what happens ?
Sounds to me like we have a company called Ripple inc luring children on Bitcointalk into buying 100% premined coins to further a corporate agenda.. selling some block-chain / ledger type shit to a bank.
now..
Does that in any way shape or form sound like shit we're interested in ?
Investors ?
Well ?

Hold it will go back up

I bought some Ripple yesterday in the dip - only a few - and I noticed that most other cryptos went up except for Ripple which is still down. I am not sure if I should hold it for a day or two or just dump at a loss and buy into something like Stratis or ETC which still has some leg room for growth. I noticed though generally there is a real love and hate relationship with Ripple due to the banking situation.

"The key thing was that the Internet was not a network controlled by the government."
Visited Turkey, Iran, North Korea lately?
The government did not think of the ideas that gave us Facebook, Google, Uber, bitcointalk.org, Wikipedia.....your favourite web business/site.  People, us, we did that.
If anything, government kills or hobbles or undermines nascent industries.
Arguing that government is an essential ingredient before you can make something new is to suggest that progress can only be assured by centralised states like Orwellian ones.....e.g. North Korea, Syria, past versions of Communist Russia / China, etc.  Ummm, when was the last time any of these pro-government models made your life better?
Ripple might try to be clever and co-opt the engine house that modern banks might be....but 20th century banking is an inherently compromised model that Darwin will not suffer to continue....banks as constituted today will be superseded by an animal fitter to adapt and thus survive.

Banks don't have money today because they worked hard and sweated and laboured tirelessly for every single dollar in their vaults....banks survive a la GFC, because the government gives them a license to print dollars into existence and then underwrites them with implicit guarantees (taxpayer funded).  Banks take the dollar you give them then they rehypothecate it / fractionally reserve lend it into being 10 or 100 dollars as loans to mortgage owners (you and me, who are silly enough to slave away at our cubicle farms for forty years to pay back a mortgage debt plus fat interest) or as loans to businesses (who use lawyers to pass the buck to bag holders, a la Bernie Madoff).
So yes, banks have lots of money TODAY to potentially path into crypto currencies....but will they?  ....can they? .....given how they need to externalise their problems onto bagholders.  This ship will sail.
Banks are a 20th century legacy idea, 21st century will replace banks....with something like cryptocoins or their successor.
Banks are an idea whose 'use by' date has arrived.

You miss the point entirely. Look at the Internet. The first Internet companies worked closely with the government, building a network with the government as their main customers. Was the point of the Internet to get away from government (or other centralized) control of information? Of course. The key thing was that the Internet was not a network controlled by the government.

That's what we're doing. We're getting the banks to use a network they don't own or control.

You may well be right. And if you are, the way to get there is to bridge the existing financial system in -- because that's where the money is.

Wanting to be part of the crypto revolution through only owning Ripples is like wanting to be part of the internet revolution by buying Barnes & Noble shares instead of Amazon shares.
Wasn't the idea of Bitcoin and crypto and blockchains and DAO's to get us away from banks?
I liked Ripple, but my thinking has moved on....I want a crypto that gets me away from banks, not back towards them.
Coins like Ether, Tezos, NEM, Heat, Ardor, PIVX, Sia and perhaps even Stellar Lumens represent the current evolution of crypto software coding.  These coins too will next year be obsolete or seen as ageing.
In the future, all humans will use software-coded coins to exchange value and to conduct trade and to run countries.  This genie ain't going back in the bottle, she only gets more evolved and virulent.
Buying a first generation cryptocoin, like Bitcoin or Ripple, is like buying Windows 386 or MS-DOS 3.3 in 1990 and thinking it will serve the computer industry for the next fifty-to-hundred years.
Cryptocoins are nothing but software code and code evolves daily, so will our coins.
Move on as each new generation of cryptocoin emerges, Darwinian evolution in the flesh.  There's no going back, TINA (there is no alternative).

If every bank creates their own token, you just reinvent the settlement problem.

If banks create tokens backed by fiat, then each token is tied to a jurisdiction and there's still a huge market in providing liquidity across jurisdictions. (This would be one possible way to improve domestic payments.)

If banks create unbacked tokens, then they have to incentivize all the liquidity themselves and we're way ahead of them with plenty of bank support. They'd have to raise and expend all the funds that we already have.

I have almost no doubt that all of these things will be tried and that some of them will be successful. Bitcoin could also gain significant market share as a settlement currency between inter-ledger exchanges locked in particular jurisdictions (the payment tech Ripple is cooperating to build will, I hope, be good for many cryptos). We think we can position XRP to compete on a level playing field.

You might also start to see more organic growth of XRP. XRP transactions are much faster, cheaper, and more reliable than transactions on any other major blockchain. And XRP has many features that other blockchains don't such as key rotation, native multisign, native support for arbitrary assets, order books, and cross-currency payments, and so on. It may not just be Ripple pursuing international payments for much longer.

Of course, there are no guarantees. These things also might not happen.

Banks outsource IT stuff as much as they can.
They keep only the most important data, and they have already enough trouble to keep their crap running.
Banks might not use the same XRP as we do, but they will be connected thru the blockchain of Ripple, as a service.
Or something like this.
Western Union for instance is not a bank, but doing big money business, even with a bad reputation...

Well, Ripple will most likely do alright but XRP is in major trouble.
Now since the first one has used copy-paste of xrp's code the foot is in the door and opened the floodgates.
Every Bank will create its own token as it is the cheapest way.
Creation and maintenance is next to nothing and lots of Banks already have contractual agreement to work with Ripple and use their services.
It is plain and simply stupid to think an Indian Bank will use the same xrp as a American Bank one or a Nigerian one ......

By no means will it stop at Banks, Tokens/Coins will be as common as email addresses and the common reference point is Bitcoin the "President". Every President has a running mate which obviously must be very similar in every aspect (not from the opposition camp) and "clean" of scams.
You could call it the "Bitcoin Standard".
A system of providing and controlling the exchange of coins, in which the value of the coin is fixed against that of Bitcoin.

I like Ripple! They have a good solution for banks.


spoetnik I read a couple off your post.. also on others topics..
you are so angry on all topics..

Banks are looking for a store of value, not a volatile something that they can createnon their own with the help if ripple company

...get over it ;-)

Ripple has no friends and no one likes it ... but it will be sucessful.
It's the relations they have, what makes them strong.
Big boys ... I tell you !

comparing coke to technology is a terrible analogy...

What does it take to get through to brain damaged greedy scammy idiots ?

Do i have to go and contact "Big Banks" and ask them 1 by 1 to comment ?
Would that shut you dipshit shill's up for once ?

Oh wait i have..
I talked to bank staff and they were damn near calling the cops on me.

Then..
I read the cover of my news paper way back that had bank staff interviewed about Bitcoin.
It was considered a dirty word never to be spoken.
No one would divulge their name in the story and admitted talking about it was out of the question.

Because it's a joke.

Then we have RIPPLE Incorporated's gay ass shitty little ICO premined scheme bullshit.
Which in comparison makes Bitcoin look like a saint.

The facade / charade / illusion / scam is this.. BIG BANKS ARE USING RIPPLE / ETHEREUM.

Bull mother fucking shit.

It is NOT happening nor will it ever.
So yes.. it is a fucking scam.

Then we look at it's launch................... SCAM.

Then we look at it's functionality.. SCAM.

Then we look at how it was handled after the fact.... SCAM.

I believe the US govt's FiNCEN agreed with me.
And so did crypto until.. it got pumped.

..if you "invest" in this scammy idiotic garbage then you ARE what you invest in 

In poloniex, its Daily high is around $0.30$ and low is around $0.12, this is also enough to Show how dangerous it is. Just be informed for this troll altcoin.